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Atanfo Ltd made a profit for the year ended 31 March 2020 of GHC 30,000. During that year the company paid preference dividends on 100,000

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Atanfo Ltd made a profit for the year ended 31 March 2020 of GHC 30,000. During that year the company paid preference dividends on 100,000 5% preference shares. In addition, an ordinary dividend of 4 pesewas per share was paid on 200,000 ordinary shares. What was the retained profit for the year ended 31 March 2020? A GHC 22.000 B. GHC 17.000 C. GHC 25.000 D. GHC 30,000

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